Powerball
Powerball Jackpot Reaches Staggering $1.73 Billion: Second Largest Prize In History
(CTN NEWS) – The Powerball lottery has reached an astonishing estimated jackpot of $1.73 billion, following a draw on Monday night that failed to produce a jackpot winner. This marks the second-largest prize in the history of the Powerball lottery.
What makes this moment even more historic is that, for the first time ever, consecutive jackpot cycles in Powerball have led to billion-dollar prizes, as confirmed by Powerball officials.
Should a fortunate ticket holder manage to clinch the jackpot, they will face a decision between two options: an annuitized prize with an estimated value of $1.73 billion or a lump sum payment, which is estimated at $756.6 million before taxes, according to Powerball.
This drawing resulted in more than 3.7 million winning tickets at various prize levels, including a $2 million prize in Florida and four $1 million prizes in California, Indiana, Oregon, and Virginia, as reported by Powerball.
LIVEÂ POWERBALL RESULT
It has been several months since the last jackpot win on July 19, when a single ticket in California claimed a jackpot worth $1.08 billion.
This massive $1.73 billion prize stands as the second-largest in Powerball history, trailing only the $2.04 billion prize won in California in November of the previous year.
While the overall odds of winning any Powerball prize are 1 in 24.9, the odds of securing the jackpot are a staggering 1 in 292.2 million, according to lottery statistics.
The next Powerball drawing is scheduled for Wednesday at 10:59 p.m. Eastern Time, offering players another chance to chase this record-breaking jackpot.
Powerball Winning Numbers For October 09, 2023
The winning numbers for Monday’s draw were 16, 34, 46, 55, 67, and the Powerball number 14.
How to Participate in Powerball
Participating in Powerball involves a simple process with various potential prizes. Here’s a step-by-step guide:
- Cost: Each Powerball entry costs $2.
- Number Selection: Choose five numbers ranging from 1 to 69 for the white balls. Then, select one number from 1 to 26 for the red Powerball.
- Number Selection Options: You can either manually pick your preferred numbers on a play slip or opt for a random selection by the lottery terminal.
- Winning Combinations: To win, your chosen numbers must match one of the following combinations:
- Match all 5 white balls + 1 red Powerball for the Grand Prize.
- Match all 5 white balls for a $1 million prize.
- Match 4 white balls + 1 red Powerball for a $50,000 prize.
- Match 4 white balls for a $100 prize.
- Match 3 white balls + 1 red Powerball for a $100 prize.
- Match 3 white balls for a $7 prize.
- Match 2 white balls + 1 red Powerball for a $7 prize.
- Match 1 white ball + 1 red Powerball for a $4 prize.
- Match 1 red Powerball for a $4 prize.
- Power Play Option: You have the opportunity to enhance your winnings through the Power Play option, which costs an additional $1 per entry. When the jackpot is under $150 million, this feature can multiply non-jackpot prizes by two, three, four, five, or even ten times.
- Prize Structure: Prizes, except for the Grand Prize, are fixed cash amounts. In California, prize payouts may vary depending on ticket sales and the number of winners.
What Are the Odds of Winning Powerball?
Understanding the odds can help you manage your expectations. Here are the odds for Powerball:
- The odds of winning the Powerball jackpot are one in 292,201,338.
- For the smallest prize, $4 for matching one red Powerball, the odds are one in 38.32.
According to Powerball, the overall odds of winning any prize stand at one in 24.87, based on a $2 ticket, rounded to two decimal places.
What was the biggest Powerball jackpot?
Here are the Top 10 jackpots since the Powerball lottery began in 1992:
- $1.586 billion, Jan. 13, 2016: Three winners in California, Florida, Tennessee
- $768.4 million, March 27, 2019: Won in Wisconsin
- $758.7 million, Aug. 23, 2017: Won in Massachusetts
- $730 million, Jan. 20, 2021: Won in Maryland
- $699.8 million, Oct. 4, 2021: Won in California
- $687.8 million, Oct. 27, 2018: Two winners in Iowa, New York
- $632.6 million, Jan. 5, 2022: Two winners in California, Wisconsin
- $590.5 million, May 18, 2013: Won in Florida
- $587.5 million, Nov. 28, 2012: Two winners in Arizona, Missouri
- $564.1 million, Feb. 11, 2015: Three winners in North Carolina, Puerto Rico, Texas
